Broadcom(US:AVGO) Benzinga·2026-03-05 01:31Market Overview - Major U.S. indexes traded higher as investor concerns over the Iran conflict subsided, with the Dow Jones Industrial Average up 0.49% to 48,739.41, the S&P 500 up 0.78% to 6,869.50, and the Nasdaq up 1.29% to 22,807.48 [1] Broadcom - Broadcom's first-quarter revenue reached $19.31 billion, exceeding analyst expectations of $19.20 billion, with adjusted earnings of $2.05 per share, surpassing estimates of $2.02 per share [2] - The company's AI revenue more than doubled, significantly contributing to its performance [2] - Broadcom's shares rose by 1.18%, closing at $317.53, with an intraday high of $322.64 and a low of $311.74 [1] Rigetti Computing Inc. - Rigetti's stock increased by 4.72%, closing at $17.76, with an intraday high of $17.96 and a low of $16.88 [3] - The company reported fourth-quarter losses of three cents per share, in line with consensus estimates, while revenue of $1.87 million missed the $2.34 million analyst estimate [3][4] Nebius Group NV - Nebius saw a 12.65% increase, closing at $97.78, with an intraday high of $98.48 and a low of $90.15 [5] - The company advanced its U.S. expansion with plans for a 400-acre AI factory campus, expected to create about 1,200 construction jobs and 130 permanent roles, generating over $650 million in Payments in Lieu of Taxes over 20 years [5] Okta - Okta's shares fell by 1.08%, closing at $71.74, with an intraday high of $73.82 and a low of $71.34 [6] - The company reported fourth-quarter fiscal 2026 revenue of $761 million, beating analyst estimates of $748.79 million, with adjusted earnings of 90 cents per share topping expectations of 85 cents [6] - For the first quarter, Okta expects revenue of $749 million to $753 million, below the $754.69 million estimate, and adjusted earnings of 84 to 86 cents per share, versus the 87 cents estimate [7] IREN Ltd - IREN's stock surged by 12.84%, closing at $43.84, with an intraday high of $44.20 and a low of $40.52 [8] - The stock's increase was linked to a rally in Bitcoin prices, which rose about 7% to around $73,200 [8] - IREN builds, owns, and operates high-power data centers for Bitcoin transactions, with revenue tied to BTC-denominated block rewards and transaction fees [9]